• Major US stock indexes finished trading with an increase

Market news

14 October 2016

Major US stock indexes finished trading with an increase

Major US stock indexes rose on Friday as Citigroup Inc. quarterly results (C) and JPMorgan Chase & Co. (JPM) strengthened optimism about corporate earnings season. Furthermore, as the US Census Bureau reported that the preliminary estimates of retail sales and food service in the US in September, adjusted for seasonal variations and trading-day differences amounted to $ 459.8 billion, increased by 0.6% compared with the previous month and It was 2.7% higher than in September 2015. However, as shown by the preliminary results of the studies submitted by Thomson-Reuters and Institute of Michigan, in October, the US consumers feel more pessimistic about the economy than last month. According to reports, in October consumer sentiment index fell to 87.9 points versus 91.2 points last month. It was predicted that the index was 91.9 points. It should also be noted that inventories in the US rose in August, due to a large increase in stocks in the retail trade than previously thought, supporting the view that the investment in inventories will contribute to economic growth in the third quarter. The Commerce Department reported that inventories rose 0.2% after no change in July.

Most DOW components of the index closed in positive territory (22 of 30). More rest up shares The Goldman Sachs Group, Inc. (GS, + 2.10%). Outsider were shares of McDonald's Corp. (MCD, -0.94%).

Almost all sectors of the S & P showed an increase. The leader turned out to be the financial sector (+ 0.6%). the health sector fell the most (-0.6%).

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